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NewsStand Gains $8 Million

Updated Nov. 4, 2002 11:26 a.m. ET

NewsStand Inc., Austin, Texas, closed an $8 million round in funding from Adams Capital Management Inc. The funding will be used to increase marketing and sales, implement product development and expand to new markets. NewsStand also will welcome Martin Neath, a general partner of Adams Capital Management, to its board of directors. The company raised $8 million in series B funding in March from SSM Ventures, Noro-Moseley Partners and The New York Times Company. NewsStand (www.newsstand.com) is an electronic software partner for publishing newspapers, magazines and printed media via the...